deposit $1,000 in an account that earns an APR of 5% compounded once per year a) How long will it take for an initial deposit to triple b) How much will you have after 20 months? Please answer fast I giv

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 8EB: You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how...
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If you deposit $1,000 in an account that earns an APR of 5% compounded once per year 
a) How long will it take for an initial deposit to triple  b) How much will you have after 20 months?

Please answer fast I give you upvote 

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